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Your World With Neil Cavuto

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Us 11, Stuart 7, America 7, Allstate 5, Turkey 5, Macy 4, Obama 4, Stewart 4, Noaa 4, U.s. 4, Geico 3, Julie 3, Washington 3, Ho 3, Keith Fitzgerald 3, Neil Cavuto 2, Kevin Karr 2, Lauren 2, Stu 2, Dennis 2,
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  FOX News    Your World With Neil Cavuto    News/Business. Money  
   tips from Wall Street. (CC)  

    November 28, 2013
    1:00 - 2:01pm PST  

i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. drop that drumstick. put that stuffing. because retailers this thanksgiving day are hoping you will be stuffing their cash registers. welcome, everyone. i'm stewart bonnie in for neil cavuto and a very happy thanksgiving to you all. and while you may be wrapping up your thanksgiving feast right about now, do not hit the couch. forget the football, retailers want you to hit the stores. because shopping on black friday is out and shopping on thanksgiving is in. macy's joining a list of retailers hoping to reel in shoppers with door buster deals.
walmart opening two hours earlier than last year. some of their stores planning to stay open round the clock. on the streets of new york, shopping is now in high gear. >> reporter: kmart opening the earliest of all at 6:00 this morning. and they're going to stay open for 41 straight hours. and then just as you're finishing your turkey dinner, we have toys "r" us, best buy, walmart all opening up. and at 8:00 this evening, retailers including macy's, jcpenney, kohl's, and others opening their doors. macy's getting the most attention this year. they were one of the first to announce a thanksgiving day opening. but really this turkey day opening is a trend that started about three years ago, gained traction ever since now, stealing some of black friday's thunder. look, last year, 35 million people went shopping on thanksgiving. the national retail federation is expecting 33 million to do so today and tomorrow the traditional black friday, a
record 97 million people are expected to shop. and stewart, here is why. take a listen. >> black friday is synonymous with bargains. and they may not go out thursday, but if they do go out, they're prepared friday to wake up and go out. and retailers will make sure that they have different price points throughout thursday, friday, saturday and sunday. >> reporter: all big shopping days. and consumers are expecting big deals on each and every one of those days. we're talking like red sale signs, discounts at least 40%. and stewart, that's why the retailers are getting so creative this year. you're seeing door busters, deals of the hour, staggered deals, things like that. all in all, november and december, $602 billion is the expectation. but i've got to tell you, it can come in a little bit higher than that, because lack at this weather. it's freezing cold outside. people are buying winter boots and hats and scarves. all of that could really heat up retail sales. and just for perspective, as i'm standing out here in the cold,
last year, thanksgiving was the warmest one since 1998, so thanks for that. i wasn't outside last year. >> you're welcome, lauren. thank you very much. >> happy thanksgiving. >> wait a second. not every store is open for business today. >> we're all here together at thanksgiving again. >> this is the way some retailers want you to spend thanksgiving. >> you know, honey, you did such a great job. >> at p.c. richard and son, we believe thanksgiving should be spent at home, so you don't have to wait in line and fight over limited quantity items. if we advertise it, it's guaranteed. >> so here's the question, should retailers open today? keith fitzgerald says, no, because it's ruining the holiday, but scott martin says, yes, because retailers are expand spro responding to a need. are retailers desperately in some way? >> i don't think they're desperate, but i think they're
listening and listening to the consumer. all of us have great thanksgivings with food and family and granted listen, when like lauren said, some of these stores open tonight, later on in the evening, stewart, if you're at home, you're probably asleep. so if you're a retailer, you open your doors, because that's when people go out, that's when they spend. and it's not so much like ditching your family. one of my favorite thing to do is to go with the family, spend money, create capitalism, and keep this economy going. >> i'm all for that, but keith, come into this. what you're suggesting is, don't open on thanksgiving. you're going to force people to spend more time with their relatives. is that what you're up to, keith fitzgerald? >> well, depending on your relatives, that could or couldn't be a good thing. here's the thing. i do think it's very much a sign of retail desperation. they're going to book tremendous revenue at marginal if any profit because of the deep discounting, their forcing their employees to work. if you've got a ceo working there with the employees, i'll
cut the guy some slack, but this has been a family holiday for centuries. i don't think they ought to do it. >> back to you, scott. what do you say to that? >> it is, traditionally, a family holiday. are you going to break up the family? >> well, it's a family holiday until it isn't, stewart. and i'll tell you, if you're a retailer, you're opening the doors for a reason. listen, if nobody showed up tonight, guess what, stores wouldn't open, because they'd be like, gosh, we're wasting all this time and money on staff and nobody's buying anything. but it's driven by the demand. and the demand is out there for people to go out and shop and spend some money after you've have had a great meal with the family. >> can we agree on this, both of you. this is america, and surely individuals should be allowed to choose what they wish to do on thanksgiving. spend time with relatives or go shopping. can we agree on that? first to you, keith. >> yes, we can agree on that. but it's quarterly margins that are driving this, not retail demand. >> quarterly margins? tell me about that. >> well, they've got quarterly numbers they've got to report, everyone wants those numbers to
come in high. so the retailers are opening because of that, not because they want the demand. if they want the demand, they'd go to the internet. >> scott, what do you say to the argument that you are forcing the people that work in these stores that are open today to work, their being forced to? >> well, listen, everybody out there that i know wants a job and people are trying to get these jobs, so they should be happy they have a job. and you're not forced to. some of these companies actually pay people extra to work on holidays that many people are happy to get those checks to do so. i think it's a great option that some of these companies give the workforce. >> i can't see any retreat, quite frankly. we've been doing this for the last three years on thanksgiving. more and more stores are opening for longer and longer hours. keith, i can't see them retreating. i can't see next year, nobody opens their store. i just can't see that. >> you know, we've got to have a free-for-all. they may as well start putting up the christmas staff after valentine's day and be done with it. >> that's sarcasm, keith fitzgerald and you know it.
gentleman, thank you very much indeed and happy thanksgiving to one and all. thank you. not only are retailers facing a crunched timeline this year, but they're also worried that sticker shock from obama care is beginning to set in. take walmart, for example. it's worried that if you're spending more on health care, there's a good chance you are spending less on other things. bill martin is the founder of chopper track, and bill, is that for real? if people are worried about what they've got to spend in the future, do you really mean that they spend less now? >> well, it's clearly possible that that could happen. but we ought to put a little clarity in the debate, if we could. so while everybody would like to talk about thanksgiving and the holiday season, what we're seeing this year is that there is a little bit more energy in the thanksgiving day, but the bottom line, stewart, is that's going end to up being a footnote on the holiday season. let me give you some perspective. so last year we saw about $800
million sold on thanksgiving day compared to about $500 million the year before. so it's growing, yes, but when we look at a normal thursday in november, we're seeing about $2.7 billion in sales on a thursday. so now the retailers are clearly wanting to get as much of that money as possible inform november, because they are concerned that the consumer is going to run out of money. and one of the big headwinds is going to be the insurance program. >> so tell me about health care. obama care. is that a big headwind for the amount of money that's going to come into the retailers this holiday season? >> well, we can see the consumers, you know, we track them every day. we count them every day as day come in and out of stores. and we know that there are certain things that will impact their willingness to go to the store and spend. so even a small movement in gasoline prices can see a direct downward pressure on whether the consumer spends money. >> what about health care? most people are looking into 2014 and they know they're going to be paying more for their
health insurance. you telling me that that hurts spending this year, november and december, 2013? >> it's entirely possible, if the consumer is thinking that far ahead. quite frankly, i don't think the consumer is say ware of what the total impact is on the affordable care act. they're going to start seeing higher increases in their premiums, to the extent that every month, they're going to be paying an additional premium. that's taking topline cash out of their pocket that's not going to end up in the retail stores. if they're truly, truly concerned about it and concerned about what are they going to do on january 1st when my insurance rates go up, you're going to think about, where am i going to get that money or maybe i should set it aside. >> all right, bill martin, thank you very much for joining us, sir. millions of people, are, indeed, losing their health care plans because of obama care. wait until you hear one woman's thanksgiving day message for
washington. but first, think those airline tickets are going to come down in price after this holiday season, then you better hear what airlines are doing now. hi, this is lieutenant commander renee whistle and i'm from tallahassee, florida, and want to wish a happy thanksgiving to my family and friends out in tallahassee, florida. love you guys, miss you! and ah,
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if the weather's not putting a damper on your holiday travel plans, this might. a report that airlines are slashing the number of flights that they're offering up. so guess what else is going up? to steve at reagan national airport. steve? >> reporter: it's a formula for passenger frustration. you have fewer flights, more passengers, and higher fares. now, of course, holiday travelers face a lot of hassles. the weather is one of them. you can often have flight delays and difficulties like that, your flight is canceled. but a bigger concern might be the hefty price of those tickets, especially on the flights that are most in demand. now, there's good and bad news on this price front. the good news is, prices are not going up as fast as they were in the past couple of years. the bad news is, they are still going up. so take a look at this graphic put together be now, that shows that in 2013, prices went up nearly 2%, 1.9%.
but compare that with 2011, when we really hit the peak. that's when prices spiked at 4.4% over the previous year. so prices are going up, but the increase has slowed down somewhat. now, here's rick seeny of farecompare to summarize this situation. >> the bottom line is, prices are up, pretty dramatically over the last two or three years and only slight up this year, except for the most convenient flights, where they're getting anywhere from 10 to 20% higher than we saw last year. >> reporter: and those most convenient flights are often the non-stops, the ones that get you from your city to your destination without having to change planes. you just go direct. those are the most expensive flights. and now there's another consideration too. not all airlines are created equal. some are better than worse. and somebody did a comparison. airfare that did a rating, and it shows the number
one airline is frontier airline, followed by virgin, jetblue, alaska, and southwest. and they rated them on a number of different factors, including canceled flights, mishandled bagging an, on time arrival, denied boarding, and customer service. so there's just a little preview of what you can expect, for one thing, get your wallet out. stuart? >> steve, thank you very much, indeed. >> you bet. this holiday season, as you're flying, are they snooping? some airlines, reportedly, are digging for information on customers. i don't mean seat information, i'm talking about everything from your favorite cocktail to your home's value. airlines say it's all about giving flyers personalized service, but mark murphy think it's just going too far. mark is the founder of i think if they want to know what my favorite drink is or the value of my home, i think they're going too far. >> that's too much. >> but are day going after that and how do they get that? >> first of all, i know who you are and where you live, because
you paid with a credit card. i've got that information. and zillow and other sources out there will tell you what the home value is. they can kind of gauge what your value is. and they've got something on called mbc, which is the airlines want to be deliver personalized fares to you. and one of the concerns is if they know you're willing to pay more, they'll offer you up a higher price than the guy down the street that's maybe in a cheaper house. >> you're telling me they've got so much information on so many individuals that in the future they can offer you a ticket price tailored to you? >> yes. >> they know what you will pay. they're not there yet. >> they're not saying they're going to do that. i'm saying they could use it to do that. but now they'll say, we know this guy travels internationally, he spends money on upgrades, he does all these different things, so they can bundle things differently for you or offer you things in the buying process through the site or through your travel agent that would appeal to you. they're trying to personalize the service, and people in the
attracti travel industry itself are very concerned about this. >> but wouldn't any operation thatt itakes my money via credi card or knows my name or address, my driver's license registration, anybody knows all of that. >> everybody knows anything. there's nowhere to run or hide. that's why privacy is a foregone conclusion. >> so anybody that's selling this service -- >> potentially can go and find that data. >> are hotels doing it? >> hotels do it very differently. imagine i go into the westin hotel, whatever it is, and really good hotels, they see what side of the bed i sleep on. and therefore, guess what, the order in my room after the turndown is on the side i sleep. they see the type of chocolate i like. i read in something in "usa today," it was a great story, and about how this lady spoke thai, so they were able to talk to her about that. >> but that's not so bad, is it? that's good. >> i think the hotels do it
really well. they cater to your personal likes and dislikes. when they start digging into the personal information, that's when people say, enough's enough. >> but you can't get away from it, can you? >> unless you want to completely shut yourself off from the rest of the world, not go on social media, not put your public media out there anyway. >> can't even have a credit card. >> mark murphy, good stuff. >> got me worried now. happy thanksgiving. all right, kicked off and now sounding off. to hear one woman tell it, this health care law is a rip-off # as your life changes, fidelity is there r your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments
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. this is thanksgiving. there is so much to be thankful for, but for millions of people, losing their health insurance,
obama care is not one of them. linda dewright is losing her health insurance. linda, very much, welcome to the program. it's very good to see you today. >> well, thank you for having me. >> first of all, i understand that under your current plan, the one that is going to be canceled, has just been canceled, you're paying $642, correct? >> we are. that's for two of us. we no longer have dependents, so $642 and we're 59 years old. >> and i can see on the screen that that is going to go up to, to what? over $1,000 for the plan that you've been offered to replace it? >> well, that's one choice we have. it went up to $1,050 on our old plan. they mapped up into a new plan. and i think we're going to end up going with a plan on the exchange, which crazily enough will be at $1,148, so we're almost at 1,200. >> so flat-out, you have doubled your costs right there? >> we've definitely doubled, yeah. we've gone from -- i think our
health care last year was about $7,000. next year will be $13,776. >> now, there's one other aspect to the cost of what you're being told you've got to pay, and that is the deductible. tell me about the deductible, has that gone up for next year? >> absolutely, our old deductible was at $5,000, so we're at $6,063 a person, so that's about 12,600. so it look at it -- it's a $25,000 -- >> $25,000, that means with a dedubld deductible at that level, that means that's money you have to shell out right then and there the moment you hit the doctor, the pharmacy, the hospital. you've got to pay it, right up front, no way around it. >> actually, we've never reached our deductible. we're used to a high deductible because we've chosen that because we're self-employed, but this is actually going higher,
which is not what the president promised. we all thought our deductibles would decrease and ours went from $5,000 to $6,350 and that's what the state exchange, mind you. how do you feel about this? i'm looking at you look like you're angry and you're trying to suppress it. let it out. >> thank you so much! i'm livid, i'm actually livid about it. because we've done all the right things. we've taken -- we're not like all the other, i think, individual market shoppers, because we've been in the market for over 25 years. so we're used to this. we chose this. and we've done all the right things and i think what we've learned is that it is a tax. i mean, i wish they would have just -- john roberts said it's a tax and it's a tax, because there's no other way to look at it. so we're being asked to pay a $6,000 tax at the end of the year. and we haven't purchased it year. >> you're faced with this
massive increase in cost, you've got to pay out this money, you've got no choice. are you going to cut back on something else, are you going to retrench in some way? war you going to do? >> well, of course we'll cut back. at 59 years old, the $6,000, we have a lot of uses for it. we've got a young son who's starting -- you know, he just got out of college, he's starting a career path, none of the kids are making much money. there are a lot of things we'll cut back on. but i think -- i think we'll think a little bit more about -- i don't use the doctor terribly much, but it does make one think a lot more about trotting off of doctor. >> i'll bet it does. >> linda, thank you very much indeed for joining us at a very difficult time. thanks for letting your anger out. we want to let people know how you feel. you did a good job of that. >> thank you very much. thank you. meantime, it's looking like we are stuck with a turkey. the president has just two days to whip his health care website into shape, but that's a tall order. and art laffer says it's time to
dish up a dose of reality. all right, art. a lot of things are hanging on that november 30th deadline to get that website fixed. what's the issues here? what's at play here? >> you know, picking on one thing like the november 30th deadline is sort of like saying, but, what else is wrong with mayor rob ford of toronto? you know, this is a turkey, and you're very correct. it's got so many problems, stuart, that, you know, picking on this one, that one, or the other one, it is an untenable program that has to be repealed. and we're not -- this isn't going to be the end of the story. it's going to go on throughout next year and on and on and on, until it's repealed. it can't make it. you can't give away very valuable resources for free and expect the system to stay solvent and expect people to be happy. it just doesn't work that way. >> i've seen a lot of senate democrats say, look, if you can't fix this thing and fix it properly by november the 30th, and they can't, i don't think it's going to happen.
>> of course not. >> it will not be fully functioning. >> not november 30th next year either. >> but the senate democrats are saying, if that happens, if you can't fix it, then we really want to delay the individual mandate for a full year. and that is not quite the same as repeal, but it certainly guts a key provision of obama care. >> it certainly does. and by the way, they should do that. they should clearly also make it applicable to the white house, white house staff, and congressional staffs as well. why should they get away with not having to bear these consequences, but they always do it this way. you're right, stuart. it's going to keep on getting worse and worse and worse and worse as we go on until you recognize, you know, you really can't have a program where you give away health care benefits for free, and then expect people not to overconsume them, not to have everyone gaming the system. it's exactly like jimmy carter's energy plan. if you remember that in the '70s, tried to take
over the energy industry, he had the gas lines all over the place, he had this 55-mile-an-hour -- and it collapsed under its own weight and brought jimmy carter down with it. this is going to bring skbobamad all these democrats who supported this -- because it doesn't work and it never will. >> i've been using very rough numbers. and those numbers are as follows. approximately 80 to 100 million americans will pay more for their health care and that 80 to 100 million people will be paying for 40 to 50 million people who get it for free or with a subsidy. >> exactly, exactly. >> and that's an income and a wealth transfer scheme mask raiding as a health care sam. >> exactly. you can't increase the demand for a product and reduce the supply. because they're going to try to take it out of doctors' hides too, without prices going way up everywhere, without this transfer going on, and then no one gets anything. and then you have a collapse in
the system, which is where i am very afraid, just like it was with energy in the '70s. >> so that's what you're forecasting? this thing implodes from within, it's either going to clash, explode, or be repealed. but it ain't going forward. is that your point? >> it will not go forward. i guarantee you that. you can't fix this turkey, to use your phrase, if i may. thank you. i love the phrase, so i'm going to steal it. >> i stole it off an american, okay? >> well, i love that you're over here enjoying the most american of all american holidays, the turkey day. >> thank you very much, art. i've got more on that later, as a matter of fact. art laffer, everyone. good stuff. >> thank you, stuart. a real pleasure being with you. you thought last month's shutdown was one and done? another d.c. budget battle is, indeed, heating up. is your wallet about to get fried? [ dennis ] it's always the same dilemma --
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i'm doug mckillway in washington.
here's a quick look at the headlines. americans are celebrating thanksgiving today. new yorkers braved a 30-degree chill for the annual macy's parade. they kept a tight leash on those giant balloons in gusty winds. american troops overseas are enjoying a traditional meal. these are images of u.s. personnel in nato headquarters in kabul, afghanistan. president obama is giving thanks for the men and women serving in the military. he talked to ten of them on the phone today. the president and his family and guests are said to be spending a quiet holiday together. on the white house menu, turkey, ham, stuffing, and nine kinds of pie. in other news, iran is inviting united nations inspectors to a facility linking to a still unfinished reactor that could produce weapons grade material. the offer is not part of the recent deal with the west to ease sanctions. please join me at 6:00 eastern for a special report. i'm doug mckillway in washington. chew on this. as lawmakers chow down on turkey, what if i told you
they're playing chicken with your money, because here we go again. the budget battle is coming down to the wire. the first deadline is only about two weeks away. republicans want spending cuts, democrats want tax hikes. so who's got it right? fair and balanced, to crystal wright and ebony williams. ebony, to you first, please. why raise taxes? go. >> well, stu, to balance the budget, i think we all know it's going to take two sides to this thing. of course there needs to be some taxes raised to counteract some cuts that have already occurred to like defense spending. so there's going to be a slight tax increase to counteract some cuts that have happened. >> you say a slight tax increase, how much is a slight tax increase. how much money are you going to take out in taxes? go ahead? >> how much money am i going to raise taxes, stu? >> yeah. senator harry reid is talking about $1 trillion in tax increases over the next ten years. you go with that?
>> no, absolutely not, stu. that's unreasonable, by any stretch of the imagination. i think that that's something that harry reid is just throwing out there, i think he's saying that to give himself wiggle room for negotiations, because this thing is definitely going to come down to the wire. >> crystal, what about you? you want spending cuts? i put it to you that a lot of people hurting in america at the moment. if you cut spending, you hurt more people. what do you say? >> well, first, i want to say, you left ebony speechless for a minute there, she didn't even know how to respond, which sounds a lot like the democrats. which if you're not talking about raising taxes on higher earners, they don't know what to do. they have no argument except raise taxes. well, we've within down this path before. earlier this year, remember, the president got $600 billion in tax increases on the higher earners and the rest of the 99% that were under the bush tax cuts. those remained in place. there's not going to be anymore tax increases. we need to start getting serious
oo about cutting spending. and one final note that ebony might not have realized, because of the sequester, government spending has gone down two consecutive years in a row. this has not happened since president truman. so sequestration is working for americans, they're not hurting, the sky is not falling. >> ebony, would you consider tax cuts? you're a democrat and talking about tax increases, but the you cut taxes, presidents reagan and george w. bush, when they cut tax rates, the economy expanded. you wouldn't want to do that again? >> i wouldn't say i would be all-out opposed to it, but i think a place where i would see cuts being more acceptable is reasonable spending cuts or keeping some of our nondiscretionary spending flat, which equates to a cut because of inflation and population increases. so i'm not being unreasonable here at all in my suggestions. the only way to, you know, keep the budget balanced is not
prudent to crystal's statement of just raising taxes over and over again. absolutely, i don't believe that. there's got to be some cuts there as well in terms of some spending, because, absolutely, there's some waste and fraud going on. >> i think we've got almost agreement here. last word to you, crystal. >> but this just isn't true. you know that democrats, whenever we talk about making kuds to medicare and medicaid, they're like, no, no, no, food stamps. food stamps right now cost $80 billion this year. and the democrats don't even want to cut, what, $5 billion? it's like every time you want to cut something, democrats say, no, we can't cut it. we have $17 trillion in debt that's crushing this economy and stopping people from hiring and obama care. let's not talk about that job killer. >> this debate will heat up over the next two weeks, i'm convinced of it. ladies, thank you very much indeed. >> thanks. >> thank you. mild or wild? we're already getting a taste of old man winter. will this year be one for the
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as millions of people dig out from this latest storm, are we looking at a real bad winter just ahead? janice dean is in the fox weather center. >> hi, stuart. i have two sources for you. we have the noaa outlook as well as the "farmers' almanac" to see what's in store for us this winter. looks like below-average
temperatures for the northern plains. this is courtesy of noaa's winter outlook, which we got this week. above-average temperatures, perhaps, for the south central u.s. and maybe even england. for precipitation, maybe a little more rain and/or snow for the northwest, but looks like below-average precip for parts of the southeast and southwest. we don't have an el nino or la nina pattern in place, which strongly influenced our winter conditions. that's the cooling or warming of the equatorial pacific that we look at for winter outlooks. challenging forecast beyond two weeks without the la nina or el nino in place. and it looks like a little drought relief is expected for the southwest while the drought is likely to develop across areas over the southeast. here is the "farmers' almanac" winter outlook. and look at all of these headlines. bitter, snowy y weather acrosse great lakes, cold, wet, or white for the northeast, and piercing
cold for much of the central u.s., wet and chilly for the southeast, which would contradict the noaa weather outlook, and it looks like dry and chilly for the northwest, which is also the opposite of the noaa weather outlook. so for the "farmers' almanac," which came out in august, it looks like we're looking at bitterly cold temperatures and perhaps a lot of snow and/or rain for the plains, the mid-atlantic, and the northeast. for the super bowl, they're actually predicting the southbound lasuper bowl, stuart, beware, new jersey, stormy weather for february the 2nd according to the farm"farmers' almanac." and just as a caveat here, the almanac has never published evidence to back up their predictions. a very secret formula they use to predict their weather outlook. so take that with a grain of salt. i think the bottom line is, we can't really even get a five-day forecast right sometimes, stuart. so winter outlooks, just be prepared. back to you. happy thanksgiving. >> and to you, janice, and thank
you very much. all right. the temperature might be going down, but the price of natural gas, electricity, propane, they're all going up. the government forecasting 90% of homeowners will see spikes in their winter heating bills. to kevin karr on just how bad it could get. hold on a second, kevin. i thought we had a flood of natural gas in america? we were fracking like crazy and producing a lot of it. how come the price is going up? >> reporter: well, that's right, stuart. but we've got to remember, we've got to get that gas to the homes. and that costs money, we need a better pipeline infrastructure, which we don't have in place yet, that keeps costs high. and we're seeing a lot more people using natural gas for a lot of reasons. we're people switching from heating oil to natural gas as well. it's been the cheaper fuel for a long time so we're suddenly seeing a price spike in that area. >> how much is it going to go up this winter heating season? >> here in the midwest, we're seeing much colder temperatures already. we're expecting up to a 20%
increase in some homeowners' bills for natural gas. it could be higher than that in some places, it could be lower, but it's going to be considerably higher for natural gas. slightly higher to about the same as last year for heating oil, which is still at record highs. so across the board, 90% of people, as you said, are going to be affected by this. >> that's quite a spike there, 20% for natural gas. now, tell me about electricity. >> well, electricity is very expensive way to heat, as are propane and some of the other fuels used in a much more moderate amount in the country. but electric can get exorbitant. we use in that eastern europe, too, where we live. and it's extremely expensive. here in the united states, natural gas generates electricity, as do other sources, but it can be very expensive. as far as how high that can go, it depends on what homeowner has what-sized home and how much electricity they use. >> we've got to pay more to heat the home and put the juice on. there's no way around this, kevin, no way? >> you can always chop your own wood, like the old saying.
chop your wood, heat twice. the bottom line is, no, if you're using natural gas or heating oil, you're going to feel the pinch and consumers are going to get squeezed. >> kevin karr, thank you very much, indeed, sir. >> thanks, stuart. with more than $17 trillion in debt and counting, why is a $5 billion cut creating so much controversy? vo: it's that time of year again. medicare open enrollment. time to compare plans and costs.
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consider this. the food stamp program has been cut. how much? roughly, 5%. and that works out to about $36 a month for a family of four. julie says that's not fair, especially on thanksgiving, but kennedy says the system is rife with fraud and the cuts were just a matter of time. to julie first.
36 bucks a month less, 5%. doesn't seem to be starvation style, now, does it? >> well, not if you're people like you and me, but it certainly is starvation style for people collecting -- >> starvation? are you saying that a 5% cut means starvation? >> i'm saying that people who live on food stamps already are living on rationed diets, where at the end of the month, a lot of these people don't have enough money for food. >> you can't cut an $80 billion program with just $5 billion? >> you're taking literally out of the mouths of people. where are they supposed to go? are they supposed to go to shelters? are they supposed to go to churches? you're asking people to essentially accept charity, which may or may not be there, as opposed to saying, we have a responsibility to society for fundamental provisions for our people. this is fundamental. and a $36 or a $35 cut may not be a lot to me and you, may be a lunch out, but it certainly is to people who are already living on very rationed food programs. >> kelly, you heard julie, what
do you have to say? >> julie, it's what we always hear from the left, any time we attempt to cut any government program. it's, people will be starving, children will be starving, been added to the food stamp resume. that's not logical. you're telling me taking a few billion away from the program is going to have children starving people on the streets. that doesn't make sense. facts are 15% of americans are on food stamps. that is not okay. the the facts are, it simply doesn't work. we've been doing this 50 years throwing money in the programs. the number of homeless and low income people is not working. >> what doesn't work exactly. how about you and i take a challenge. you and i both spend a weeks
living on food stamps and spending the money they're getting on food stamps. you tell me if that's enough. >> we went into this interview talking about the fraud which is apparent in the food stamp program. >> only 1%. >> you're saying only 1% is fraud. that's it? >> according to -- >> according to who? >> according to the study -- >> who conducted the study? >> the government. >> of course the government is going to say that. >> find a study showing me there's rampant fraud going on. you get ebt cards only you can use. >> go ahead katie. >> hundreds of millions of a year are fraud and abuse of the program. the question i have for you. we with should be hearing success storying of people
getting out of poverty, getting on their feet, being able to work. the facts are, welfare spending has grown 16 fold since the 60s. where are the success stories? >> there are plenty of success stories. i'm one of them as a matter of fact. i paid a lot more than that back. i'll tell you the following. there are plenty of people who would be out on the streets if you were to cut food stamps and thanksgiving today -- you propose now taking money out of their mouths. >> let me ask you this. how can we get government spending under control if we cannot cut 5%, 36 dollars a moe without julie saying you're starving people. how can we cut anything. >> i venture to say $36 for you and me is not a lot of money. sit for people still living with rations. i'm telling you to live on food stamps a week and see if $36 is
enough for you. >> stewart the heart of the problem is difference in conservative and liberal. conservative believe in the power of american people be what made this country great. the worth of the american people. i believe they can work and make a living for themselves. >> you want to take money from kids -- >> happy thanksgiving ladies. >> thanks. when we come back, i'll let you in on a little secret about thanksgiving. ♪
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my name is staff sergeant richard from afghanistan. wishing friends and family in los angeles a happy thanksgiving. >> we also remember those heroes that put their lives on the line to take us to a place no man has gone before. >> that's one small step for man, one giant leap for man kind. >> mike and i asked him, mike says have you thought about what you're going to say when you get down? i don't know yet. when i land i'll start thinking about it. i never know whether to take him seriously. >> armstrong spent two hours 31 minutes on the lunar surface.
it was enough time to bounce around, set up scientific experiments, collect moon rocks and take several famous photos. the american flag, footprint on the moon, and probably the most iconic of all. >> i was just walking. he said stop, hold it. i stopped, looked at it. then took the picture. people asked me what's the significance of this picture? i say i've got three words. location, location, location. >> america challenged today. >> you were the last human being to touch that surface. how does that make you feel is this. >> humble. >> we leave as we came. god willing as we shall return.
with peace and hope for all man kind. god speed to crew of apollo 17. i'm convinced the space program will come back. the country needs to have something to look forward to, to look up to, to be proud of. look how far we went in 70 years. my grandmother in michigan had a ring telephone, no electricity, an outhouse and watched the first guy walk on the moon in her lifetime. >> i'd like to see the next generation leave footprints like we did on the moon. i hope that happens. >> fly me to the moon, a special hosted by neil cavuto.
thanksgiving is my favorite holiday. that may sound strange coming from someone with a british accent. let me explain. i give thanks because i'm here. nearly 40 years i felt the warmth of america. it's a welcoming warmth, openness from someone that clearly comes from some place else. i've traveled widely, worked in east africa, australia, hong kong. nowhere matches america. here you're embraced. americans wrap their arms around you. here comes the guy with an exotic foreign act sevencent an ace job on tv telling locals what going on in their country. it doesn't happen everywhere. to me, it happened here. that's the thing about america. it's not who you are, what your mom or dad did for a living, not your social class.
it's what you've got. show us what you've got, what you can do. it's a wide open country for opportunity for all. i'll eat turkey, be surrounded by my large american family. i'll give thankslike you. god bless everyone. >> hello everyone. happy thanksgiving. i'm kimberly with bob, dana, angela. this is the five. all right. happy turkey day everybody. we're thankful to have you with us tonight. we're thankful for our troops and so many other things on this unique american holiday. happy hanukkah to those celebrating. let's kick off with great interviews with college students and campus reform. we wanted to know what students know about thanksgiving. it